Yes, though if you're putting it in a file, I'd suggest reformatting it for better readability:
Code:
-- Move it:
WatchFrame:ClearAllPoints()
WatchFrame:SetPoint("TOPLEFT", UIParent, "TOPLEFT", 30, 17)
-- Stop the default UI from moving it back:
local noop = function() end
WatchFrame.ClearAllPoints = noop
WatchFrame.SetPoint = noop